Trex Company Announces $100 Million Accelerated Share Repurchase

WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. [NYSE:TREX], the world’s largest manufacturer of wood-alternative decking and railing, today announced an agreement to purchase approximately $100 million of its outstanding common stock through an Accelerated Stock Repurchase program (“ASR”) with Wells Fargo Bank, National Association. The ASR is part of the Company’s board-approved $150 million share repurchase authorization.

Under the ASR agreement, the Company paid $100 million to Wells Fargo and expects to receive an initial delivery of approximately 1.9 million shares of the Company’s common stock underlying the ASR agreement. The transactions under the ASR agreement are expected to be completed in the first and second quarters of 2026.

Commenting on the transaction, Bryan Fairbanks, President and Chief Executive Office of Trex Company, said, “Our repurchase program demonstrates our confidence in the long-term outlook for Trex, and we intend to continue opportunistic share repurchases for the balance of 2026, reflecting the growth opportunities we see ahead, current valuations, and meaningful reductions in capital expenditures we anticipate during the year.”

About Trex Company, Inc.

For more than 30 years, Trex Company [NYSE: TREX] has invented, reinvented, and defined the composite decking category. Today, the company is the world’s #1 brand of sustainable, wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products. Boasting the industry’s strongest distribution network, Trex sells products through more than 6,700 retail outlets across six continents. Through strategic licensing agreements, the company offers a comprehensive outdoor living portfolio that includes deck drainage, flashing tapes, deck lighting, outdoor kitchen components, fencing, pergolas, spiral stairs, lattice, cornhole and outdoor furniture – all marketed under the Trex^® brand. Based in Winchester, Va., Trex is proud to have been named America’s Most Trusted^® Outdoor Decking^ for the past 6 years (2021-2026). The company also holds a place on Barron’s list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America’s Most Responsible Companies by Newsweek, ranked as one of the 100 Best ESG Companies by Investor’s Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for the 15^th consecutive year. For more information, visit Trex.com. You may also follow Trex on Facebook (trexcompany), Instagram (trexcompany), X (Trex_Company), LinkedIn (trex-company), TikTok (trexcompany), Pinterest (trexcompany) and Houzz (trex-company-inc), or view product and demonstration videos on the brand’s YouTube channel (TheTrexCo).

^2021-2026 DISCLAIMER: Trex received the highest numerical score in the proprietary Lifestory Research 2021-2026 America’s Most Trusted^® Outdoor Decking studies. Study results are based on the experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.